A number of the recommendations have implications for businesses. The group has recommended that where possible employees should work from home for up to three days a week, minimise business travel, and replace plane travel with high-speed trains.
Speaking at a news conference, Birol warned the impacts of Russia’s invasion of Ukraine would be felt acutely by those advanced economies most heavily reliant on oil. “As a result of Russia’s appalling aggression against Ukraine, the world may well be facing its biggest oil supply shock in decades, with huge implications for our economies and societies,” he said.